Cesar Vallejo Group

Update on Cesar Vallejo Group

Marlene, age 46, is married and the mother of three children. At this point, Marlene has had a small store for ten years. She has come to build loyalty in her clients, which has earned her profits to be able to cover her household expenses. In the future, she would like to have her own establishment where she can sell her products and obtain higher earnings. With the loan that was awarded, she will buy more products for her store (rice, sugar, soups, etc.) And in this way, she can keep meeting the needs of her customers and getting ahead.

Marlene and all the members express their gratitude to Kiva for the loan that was given to them and for the trust that has been shown in them. Marlene can be spotted in her purple jacket. She leaves with a promise that she will fulfill all her proposed goals.

Previous Loan Details

The "Cesar Vallejo" group consists of eight entrepreneurs who have a lot of creativity for their businesses. Gina is 42 years old and has two children. She has made a living for the past three years selling grains (corn, lima beans, peas). Gina tells us that she has been able to create loyal cust...
More from Cesar Vallejo Group's previous loan »

Additional Information

About EDAPROSPO

EDAPROSPO seeks to use micro-credit to foster productive commercial activity for the sake of economic and social development within vulnerable urban and rural sectors traditionally neglected by commercial banks. By offering innovative products such as technical education loans and microfinance groups for young people, EDAPROSPO helps disadvantaged Peruvians lift themselves out of poverty.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.